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Management by ception is a tehen used in performance evaluation Describe management by exception and how it is used in the w on of con ando con Performance reports for cost revenue and profit centers by It's attention on important dirences between Using management by exception management only in wances, since the cost variances and or variances For c es management would focus on the interence between the actual results and the centers are responsible for both generating revenge and controlling costs, so ba to the budget c k were both of these vinces de volume variance w e Management by exception is a form often used in performance evaluation Describe management by exception and how it is used in the evaluation of cost revenue and profit centers Performance reports for cost revenue and profit centers typically both actual and budgeted amounts along with percentage variances only its attention on important differences between actual and budgeted amounts Management by exception is a tool that wow managed to focus Using management by exception management only investigates variances variances, since the cost and/or variances y Management does not bother investigating smaler For cost centers, management would focus on the difference between the actual results and the face budget Polk contiers could look at both the flexible budget variance and the sales volume variance Investment centers are responsible for both generating revenue and controlling costs, so revenue center managers would review both of these variances